Indicate by checkmark whether the issuer: (1) has filed all reports required to be filed by Section 13 or 15(d) of the Exchange Act during the past 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes [X ] No[ ]

1

Indicate by check mark whether the registrant is a large accelerated filed, an accelerated filer, a non-accelerated filer, or a smaller reporting company.

Indicate by checkmark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes [ X] No [ ]

Applicable Only to Issuer Involved in Bankruptcy Proceedings During the Preceding Five Years.

N/A

Indicate by checkmark whether the issuer has filed all documents and reports required to be filed by Section 12, 13 and 15(d) of the Securities Exchange Act of 1934 after the distribution of securities under a plan confirmed by a court. Yes[ ] No[ ]

Applicable Only to Corporate Registrants

Indicate the number of shares outstanding of each of the issuers classes of common stock, as of the most practicable date:

Class

Outstanding as of November 16, 2012

Common Stock, $0.001

106,048,000

2

PETROTERRA CORP.

Form 10-Q

Part 1

FINANCIAL INFORMATION

Item 1

Financial Statements

4

Balance Sheets

4

Statements of Operations

5

Statements of Cash Flows

6

Notes to Financial Statements

7

Item 2.

Managements Discussion and Analysis of Financial Condition and Results of Operations

The accompanying notes are an integral part of these financial statements.

4

PETROTERRA CORP.

(formerly Loran Connection Corp.)

(A Development Stage Company)

Statements of Operations

(Unaudited)

Three months Ended

September 30, 2012

Three months Ended

September 30, 2011

Six months Ended

September 30, 2012

Six months Ended

September 30, 2011

From Inception on July 25,

2008 to

September 30, 2012

Expenses

General and Administrative Expenses

$

4,250

$ 2,095

$ 9,400

$ 5,798

$ 65,928

Compensation Consulting Fee Expense - Related

-

-

-

-

160

Net (loss) from Operation before Taxes

(4,250)

(2,095)

(9,400)

(5,798)

(66,088)

Provision for Income Taxes

0

0

0

0

0

Net (loss)

$

(4,250)

$ (2,095)

$ (9,400)

$ (5,798)

$ (66,088)

(Loss) per common share  Basic and diluted

$

(0.00)

$ (0.00)

$ (0.00)

$ (0.00)

Weighted Average Number of Common Shares Outstanding

106,048,000

153,280,000

106,048,000

153,280,000

The accompanying notes are an integral part of these financial statements.

5

PETROTERRA CORP.

(formerly Loran Connection Corp.)

(A Development Stage Company)

Statements of Cash Flows

(Unaudited)

Six months Ended

September 30, 2012

Six months Ended

September 30, 2011

From Inception on July 25,

2008 to

September 30, 2012

Operating Activities

Net (loss)

$

(9,400)

$

(5,798)

$

(66,088)

Common stock Issued for Services

-

-

160

Accounts payables and accrued liabilities

1,500

(55)

3,595

Related Party Loans  paid directly to vendors on behalf of the Company

7,900

-

20,065

Net cash (used) for operating activities

-

(5,853)

(42,268)

Financing Activities

Loans from Director

-

2,940

20,500

Sale of common stock

-

-

21,800

Net cash provided by financing activities

-

2,940

42,300

Net increase (decrease) in cash and equivalents

-

(2,913)

32

Cash and equivalents at beginning of the period

32

2,982

-

Cash and equivalents at end of the period

$

32

$

68

$

32

Supplemental cash flow information:

Cash paid for:

Interest

$

-

$

-

$

-

Taxes

$

-

$

-

$

-

Non-Cash Activity

Common Stock Issued for Services

$

-

$

-

$

160

The accompanying notes are an integral part of these financial statements

6

PETROTERRA CORP.

(formerly Loran Connection Corp.)

(A Development Stage Company)

Notes To The Financial Statements

September 30, 2012

(Unaudited)

1. ORGANIZATION AND BUSINESS OPERATIONS

PetroTerra CORP (the Company) was incorporated under the laws of the State of Nevada, U.S. on July 25, 2008. The Company is in the development stage as defined under Accounting Codification Standard, Development Stage Entities (ASC-915) and intends to organize individual and group tourism as well as business support in Ukraine. The Company has not generated any revenue to date and consequently its operations are subject to all risks inherent in the establishment of a new business enterprise. For the period from inception on July 25, 2008 through September 30, 2012 the Company has accumulated losses of $66,088.

2. GOING CONCERN

The financial statements have been prepared on a going concern basis which assumes the Company will be able to realize its assets and discharge its liabilities in the normal course of business for the foreseeable future. The Company has incurred losses since inception resulting in an accumulated deficit of $66,088 as of September 30, 2012 and further losses are anticipated in the development of its business raising substantial doubt about the Companys ability to continue as a going concern. The ability to continue as a going concern is dependent upon the Company generating profitable operations in the future and/or to obtain the necessary financing to meet its obligations and repay its liabilities arising from normal business operations when they come due. Management intends to finance operating costs over the next twelve months with existing cash on hand and loans from directors and or private placement of common stock.

3. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

a)Basis of Presentation

The financial statements of the Company have been prepared in accordance with generally accepted accounting principles in the United States of America and are presented in US dollars.

b) Cash and Cash Equivalents

The Company considers all highly liquid instruments with a maturity of three months or less at the time of issuance to be cash equivalents. The companys cash is petty cash in the possession of the sole director of the Company.

c) Use of Estimates and Assumptions

The preparation of financial statements in conformity with accounting principles generally accepted in the United States requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.

In managements opinion, all adjustments necessary for a fair statement of the results for the interim periods have been made, and all adjustments are of a normal recurring nature.

d) Foreign Currency Translation

The Company's functional currency and its reporting currency is the United States dollar.

7

PETROTERRA CORP.

(formerly Loran Connection Corp.)

(A Development Stage Company)

Notes To The Financial Statements

September 30, 2012

(Unaudited)

3. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued)

e) Stock-based Compensation

In September, 2009 the FASB issued ASC-718, Stock Compensation. ASC-718 requires all share-based payments to employees, including grants of employee stock options, to be recognized in the financial statements based on the grant date fair value of the award. Under ASC-718, the Company must determine the appropriate fair value model to be used for valuing share-based payments, the amortization method for compensation cost and the transition method to be used at date of adoption.

f) Income Taxes

Income taxes are accounted for under the assets and liability method. Deferred tax assets and liabilities are recognized for the estimated future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases and operating loss and tax credit carry forwards. Deferred tax assets and liabilities are measured using enacted tax rates in effect for the year in which those temporary differences are expected to be recovered or settled.

g) Basic and Diluted Loss Per Share

The Company computes loss per share in accordance with ASC-260, Earnings per Share which requires presentation of both basic and diluted earnings per share on the face of the statement of operations. Basic loss per share is computed by dividing net loss available to common shareholders by the weighted average number of outstanding common shares during the period. Diluted loss per share gives effect to all dilutive potential common shares outstanding during the period. Dilutive loss per share excludes all potential common shares if their effect is anti-dilutive.

The Company has no potential dilutive instruments and accordingly basic loss and diluted loss per share are equal.

h) Fiscal Periods

The Company's fiscal year end is March 31.

i) Recent accounting pronouncements

We have reviewed all the recent accounting pronouncements issued to date, and we do not believe any of these pronouncements will have a material impact on the company.

j) Revenue Recognition

The Company will recognize revenue in accordance with Accounting Standards Codification No. 605, Revenue recognition ("ASC-605"), ASC-605 requires that four basic criteria must be met before revenue can be recognized: (1) persuasive evidence of an arrangement exists; (2) delivery has occurred; (3) the selling price is fixed and determinable; and (4) collectibility is reasonably assured. Determination of criteria (3) and (4) are based on management's judgments regarding the fixed nature of the selling prices of the products delivered and the collectibility of those amounts. Provisions for discounts and rebates to customers, estimated returns and allowances, and other adjustments are provided for in the same period the related sales are recorded. The Company will defer any revenue for which the product has not been delivered or is subject to refund until such time that the Company and the customer jointly determine that the product has been delivered or no refund will be required.

8

PETROTERRA CORP.

(formerly Loran Connection Corp.)

(A Development Stage Company)

Notes To The Financial Statements

September 30, 2012

(Unaudited)

3. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued)

k) Advertising

The Company follows the policy of charging the costs of advertising to expenses incurred. The Company incurred $0 in advertising costs during the period July 25, 2008 (inception) to September 30, 2012.

4. COMMON STOCK

Companys authorized capital is 220,000,000 shares consisting of 200,000,000 shares of common stock and 20,000,000 shares of preferred stock, both with a par value of $0.001 per share.

On January 3, 2012 the Company completed a forward stock split whereby every pre-split share of common stock is exchangeable for 32 shares of post-split common stock. Accordingly, all share and per share information has been restated to retroactively show the effect of the stock split.

On November 28, 2008, the Company issued 28,800,000 post-split shares of common stock at a price of $0.00003125 per share for total cash proceeds of $900.

On December 4, 2008, the Company issued 64,000,000 post-split shares of common stock at a price of $0.00003125 per share for total cash proceeds of $2,000.

During the period December 10, 2008 to March 19, 2009, the Company issued 60,480,000 post-split shares of common stock at a price of $0.0003125 per share for total cash proceeds of $18,900.

During the period July 25, 2008 (inception) to March 31, 2009, the Company sold a total of 153,280,000 shares of common stock for total cash proceeds of $21,800.

On December 14, 2011, in connection with the change in directors, two controlling shareholders cancelled an aggregate of 47,744,000 shares of Common Stock which were returned to the status of authorized but unissued shares.

On the same day, 512,000 new common shares were issued to a director for services valued at $0.0003125 per share.

As of and September 30, 2012, the Company had 106,048,000 shares of common stock issued and outstanding.

9

PETROTERRA CORP.

(formerly Loran Connection Corp.)

(A Development Stage Company)

Notes To The Financial Statements

September 30, 2012

(Unaudited)

5. INCOME TAXES

As of September 30, 2012, the Company had net operating loss carry forwards of approximately $66,088 that may be available to reduce future years taxable income through 2032. Future tax benefits which may arise as a result of these losses have not been recognized in these financial statements, as their realization is determined not likely to occur and accordingly, the Company has recorded a valuation allowance for the deferred tax asset relating to these tax loss carry-forwards.

6. RELATED PARTY TRANSACTIONS

As of September 30, 2012 the total amount loaned to the company by a director was $40,565. The loan is non-interest bearing, due upon demand and unsecured.

7. SUBSEQUENT EVENT

The Company has evaluated subsequent events from September 30, 2012 through the filing date of these financial statements and has determined that there are no items to disclose.

FORWARD LOOKING STATEMENTS

Statements made in this Form 10-Q that are not historical or current facts are "forward-looking statements" made pursuant to the safe harbor provisions of Section 27A of the Securities Act of 1933 (the "Act") and Section 21E of the Securities Exchange Act of 1934. These statements often can be identified by the use of terms such as "may," "will," "expect," "believe," "anticipate," "estimate," "approximate" or "continue," or the negative thereof. We intend that such forward-looking statements be subject to the safe harbors for such statements. We wish to caution readers not to place undue reliance on any such forward-looking statements, which speak only as of the date made. Any forward-looking statements represent management's best judgment as to what may occur in the future. However, forward-looking statements are subject to risks, uncertainties and important factors beyond our control that could cause actual results and events to differ materially from historical results of operations and events and those presently anticipated or projected. We disclaim any obligation subsequently to revise any forward-looking statements to reflect events or circumstances after the date of such statement or to reflect the occurrence of anticipated or unanticipated events.

10

ITEM 2. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATION

GENERAL

PETROTERRA CORP. (the Company) (formerly Loran Connection Corp.) was incorporated under the laws of the State of Nevada, U.S. on July 25, 2008. Our registration statement was filed with the Securities and Exchange Commission on May 28, 2009 and was declared effective on October 28, 2009.

We are in the business of organizing of individual and group tourism as well as business support in Ukraine. Our services include: reception, transportation, translating, organizing tourist trips, and business support. Our revenue will be earned from the fee for our services from our clients. We may also receive commissions from tourist companies to which we will refer our potential guests.

CURRENT BUSINESS OPERATIONS

We intend to operate in the business of providing a variety of services in the area of individual and group tourism and business support in Ukraine. Our services will be offered in major cities of Ukraine, such as Kiev, Odessa, Kharkov and Lvov.

We are currently developing a website (http://www.lorantourist.com/) which will include a photo gallery, pricing and detailed description of our services. The website will allow our clients to review our services and place travel reservations online. The website will contain links to the tourist companies that we will enter into strategic alliances with. To date, the only operations we have engaged in are the development of a business plan, purchasing of online advertising, and the registration of the domain name for our new website.

RESULTS OF OPERATION

Our financial statements have been prepared assuming that we will continue as a going concern and, accordingly, do not include adjustments relating to the recoverability and realization of assets and classification of liabilities that might be necessary should we be unable to continue in operation.

We expect we will require additional capital to meet our long term operating requirements. We expect to raise additional capital through, among other things, the sale of equity or debt securities.

Six Month Period Ended September 30, 2012 Compared to the Six Month Period Ended September 30, 2011.

Our net loss for the Six month period ended September 30, 2012 was $9,400 compared to a net loss of $5,798 during the Six month period ended September 30, 2011. During the Six month period ended September 30, 2012, we did not generate any revenue.

During the Six month period ended September 30, 2012, we incurred general and administrative expenses of $9,400 compared to $5,798 incurred during the Six month period ended September 30, 2011. General and administrative expenses incurred during the Six month period ended September 30, 2012 were generally related to corporate overhead, financial and administrative contracted services, such as legal and accounting, developmental costs, and marketing expenses.

The weighted average number of shares outstanding was 106,048,000 for the Six month period ended September 30, 2012.

11

LIQUIDITY AND CAPITAL RESOURCES

Six Month Period Ended September 30, 2012

As at September 30, 2012, our current assets were $32 compared to $32 in current assets at March 31, 2012. As at September 30, 2012, our current liabilities were $44,160. Current liabilities were comprised of $40,565 in loan from director and $3,595 in accounts payable.

Stockholders deficit increased from $34,728 as of March 31, 2012 to $44,128 as of September 30, 2012.

Cash Flows from Operating Activities

We have not generated positive cash flows from operating activities. For the Six month period ended September 30, 2012, net cash flows used in operating activities was $7,900 consisting of a net loss of $9,400 and $1,500 in accounts payables and accrued liabilities. For the Six month period ended September 30, 2011, net cash flows used in operating activities was $5,853 consisting of a net loss of $5,798 and accounts payables and accrued liabilities of $55. Net cash flows used in operating activities was $42,268 for the period from inception (July 25, 2008) to September 30, 2012.

Cash Flows from Financing Activities

We have financed our operations primarily from either advancements or the issuance of equity and debt instruments. For the Six month period ended September 30, 2012, we have not generated cash provided by financing activities. For the period from inception (July 25, 2008) to September 30, 2012, net cash provided by financing activities was $42,300 received from proceeds from issuance of common stock and loan from director.

PLAN OF OPERATION AND FUNDING

We expect that working capital requirements will continue to be funded through a combination of our existing funds and further issuances of securities. Our working capital requirements are expected to increase in line with the growth of our business.

Existing working capital, further advances and debt instruments, and anticipated cash flow are expected to be adequate to fund our operations over the next Six months. We have no lines of credit or other bank financing arrangements. Generally, we have financed operations to date through the proceeds of the private placement of equity and debt instruments. In connection with our business plan, management anticipates additional increases in operating expenses and capital expenditures relating to: (i) acquisition of inventory; (ii) developmental expenses associated with a start-up business; and (iii) marketing expenses. We intend to finance these expenses with further issuances of securities, and debt issuances. Thereafter, we expect we will need to raise additional capital and generate revenues to meet long-term operating requirements. Additional issuances of equity or convertible debt securities will result in dilution to our current shareholders. Further, such securities might have rights, preferences or privileges senior to our common stock. Additional financing may not be available upon acceptable terms, or at all. If adequate funds are not available or are not available on acceptable terms, we may not be able to take advantage of prospective new business endeavors or opportunities, which could significantly and materially restrict our business operations. We will have to raise additional funds in the next twelve months in order to sustain and expand our operations. We currently do not have a specific plan of how we will obtain such funding; however, we anticipate that additional funding will be in the form of equity financing from the sale of our common stock. We have and will continue to seek to obtain short-term loans from our directors, although no future arrangement for additional loans has been made. We do not have any agreements with our directors concerning these loans. We do not have any arrangements in place for any future equity financing.

12

OFF-BALANCE SHEET ARRANGEMENTS

As of the date of this Quarterly Report, we do not have any off-balance sheet arrangements that have or are reasonably likely to have a current or future effect on our financial condition, changes in financial condition, revenues or expenses, results of operations, liquidity, capital expenditures or capital resources that are material to investors.

GOING CONCERN

The independent auditors' report accompanying our March 31, 2012 financial statements contained an explanatory paragraph expressing substantial doubt about our ability to continue as a going concern. The financial statements have been prepared "assuming that we will continue as a going concern," which contemplates that we will realize our assets and satisfy our liabilities and commitments in the ordinary course of business.

ITEM 3. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK.

No report required.

ITEM 4. CONTROLS AND PROCEDURES

Our management is responsible for establishing and maintaining a system of disclosure controls and procedures (as defined in Rule 13a-15(e) and 15d-15(e) under the Exchange Act) that is designed to ensure that information required to be disclosed by us in the reports that we file or submit under the Exchange Act is recorded, processed, summarized and reported, within the time periods specified in the Commissions rules and forms. Disclosure controls and procedures include, without limitation, controls and procedures designed to ensure that information required to be disclosed by an issuer in the reports that it files or submits under the Exchange Act is accumulated and communicated to the issuers management, including its principal executive officer or officers and principal financial officer or officers, or persons performing similar functions, as appropriate to allow timely decisions regarding required disclosure.

An evaluation was conducted under the supervision and with the participation of our management of the effectiveness of the design and operation of our disclosure controls and procedures as of September 30, 2012. Based on that evaluation, our management concluded that our disclosure controls and procedures were effective as of such date to ensure that information required to be disclosed in the reports that we file or submit under the Exchange Act, is recorded, processed, summarized and reported within the time periods specified in SEC rules and forms. Such officer also confirmed that there was no change in our internal control over financial reporting during the Six-month period ended September 30, 2012 that has materially affected, or is reasonably likely to materially affect, our internal control over financial reporting.

13

PART II. OTHER INFORMATION

ITEM 1. LEGAL PROCEEDINGS

Management is not aware of any legal proceedings contemplated by any governmental authority or any other party involving us or our properties. As of the date of this Quarterly Report, no director, officer or affiliate is (i) a party adverse to us in any legal proceeding, or (ii) has an adverse interest to us in any legal proceedings. Management is not aware of any other legal proceedings pending or that have been threatened against us or our properties.

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